Donald Powell, the former chairman of the FDIC, last month told bankers and ISOs the banking/financial industry is experiencing its worst and most severe crisis since the Great Depression.
Powell says banks and credit unions will be required to cooperate with regulators by following full disclosure and cleaning up lending practices.
Powell predicts that 100 of the U.S. financial institutions in existence five years ago will be closed by the end of the year.
Nicolle Sturgill, an ATM consultant for TowerGroup, says the circulation of U.S. currency has grown by 8 percent CAGR since 1970.
Wincor Nixdorf Inc. (USA) demonstrated some of its banking products and services during the forum, focusing on enhancements to its ProClassic/Enterprise suite, which includes ProView — an ATM monitoring and management solution.